Different method of Outliers Detection

Outlier is a data point that is significantly different from the other data points in a sample. Outliers can occur for a variety of reasons, such as errors in measurement or recording, or they can be the result of natural variation in the data. Outliers can have a significant effect on the statistical properties of […]

Monte Carlo Simulations in R

Monte Carlo Simulations What is Monte Carlo Simulations? One of the main motivations to switch from spreadsheet-type tools (such as Microsoft Excel) to a program like R is for simulation modeling. R allows us to repeat the same (potentially complex and detailed) calculations with different random values over and over again. Within the same software, […]

Polynomial Regression Model in R

Polynomial Regression Curve fitting or curve-linear regression are additional words for the same thing. It is used when a scatterplot shows a non-linear relationship. It’s most typically employed with time series data, but it can be applied to a variety of other situations. Let’s use the Nepal Covid data and fit a polynomial models on […]

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